PM reveals rent rise restrictions, ambitious new building targets
National Cabinet has agreed to introduce a raft of measures aimed at helping renters and easing the housing supply shortage, upping its five year home building plan by 200,000 dwellings and placing a limit on the frequency of rent increases.
Prime Minister Anthony Albanese has labelled increased housing supply a government priority. (Image source: Shutterstock.com)
A national cabinet meeting of state and territory leaders has announced a raft of measures aimed at relieving housing crisis pressures, including a limitation on the frequency of rent increases.
A new target of 1.2 million new homes to be built over five years from mid-2024 represents an increase of 200,000 above the National Housing Accord figure set last year.
The housing crisis was the main priority of the cabinet meeting in Brisbane on Wedn…
